Demand for Financial Support: North West and London Lead the Way

Understanding the Demand for Financial Services Among Individuals with Poor Credit Ratings in the UK

At Boshhh, we are dedicated to understanding and addressing the needs of individuals facing poor credit ratings. Our latest research highlights a significant geographical demand for financial services among those struggling with credit issues throughout the UK.

Key Geographical Insights

Our data indicates that the highest demand for financial support comes from the following regions:

• North West: 33.53%

• Greater London: 30.00%

• Yorkshire and the Humber: 20.59%

• West Midlands: 10.00%

• East of England: 5.88%

Lewis Camilleri, Founder and CEO of Boshhh, emphasized the importance of these findings:

"These insights highlight the urgent need for financial support among individuals with poor credit ratings across various UK regions. The substantial demand in areas like the North West and Greater London motivates us to expand our reach and impact."

Age Demographics and Financial Challenges

Our analysis further reveals valuable insights into the age demographics of those affected by poor credit. The average age of individuals seeking financial support is 37.9 years, indicating that financial difficulties affect a broad age spectrum.

The largest group seeking assistance falls within the 25-34 age bracket (31.18%), closely followed by those aged 35-44 (29.41%). This suggests that early to mid-career stages are particularly financially challenging. Additionally, a significant number of individuals aged 45-64 also face credit issues, highlighting ongoing vulnerabilities into later adulthood.

Here's the percentage distribution across different age brackets:

• 18-24 years: 13.53%

• 25-34 years: 31.18%

• 35-44 years: 29.41%

• 45-54 years: 12.35%

• 55-64 years: 12.94%

• 75-84 years: 0.59%

Lewis added:

"At Boshhh, we are committed to offering tailored financial services that address the unique challenges faced by individuals with poor credit ratings. Our mission is to ensure that everyone, regardless of their credit history, has access to the resources they need to improve their financial well-being."

For more information about how Boshhh can help you or to explore our services, please visit www.boshhh.com.